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Overview / Commentary
866-231-9620
600 North King Street, Suite 2
Wilmington, DE 19801

AIG Bank’s mission is to make it easier for you to grow your savings and achieve your financial goals, such as saving for retirement and other life events or buying a home.

Chartered in May 2000 to serve consumers, small businesses, AIG policyholders, and AIG employees, AIG Bank provides specialized FDIC insured deposit products, loan products, and banking services to these core customer groups nationwide.

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Health

Data for Q2 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. AIG Bank has a low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 AIG Bank had $0 in non-current loans and owned real-estate with $14.93 million in equity and loan loss allowances on hand to cover it. This gives AIG Bank a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
F

In the past year, AIG Bank has decreased its total deposits by -$754.49 million, resulting in -99.93% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth AIG Bank has shown is poor.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. AIG Bank has $18.17 million in assets with $14.93 million in equity, resulting in a capitalization level of 82.17%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #35267
Year Established2000
Employees11
Primary RegulatorOCC
Assets and Liabilities
Assets$18.17 million
Loans$0
Deposits$500,000
Equity Capital$14.93 million
Loan Loss Allowance$0
Real Estate Owned$0
Historic Data - June 2013
Assets$878.39 million
Equity Capital$117.87 million
Loan Loss Allowance$156,000
Unbacked Noncurrent Loans$0
Real Estate Owned$361,000
Profit Margin - Quarterly
Return on Assets1.21%
Return on Equity1.29%
Interest Income$190,000
Rates

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Locations


AIG Bank Locations
Aig Federal Savings Bank600 North King Street, Suite 2Wilmington, DE 19801